Archer Aviation Earnings Reports

Archer Aviation maintained a strong liquidity position with over $1 billion in cash and raised additional capital. The company is progressing toward commercial deployment with its Midnight aircraft, securing Abu Dhabi Aviation as its first customer. Net loss increased in Q4, but spending remained stable. Archer also started production of its first Midnight aircraft at its ARC facility.

Archer Aviation reported a net loss of $115.3 million for Q3 2024, driven by continued investments in its commercialization plan, including aircraft design, development, testing, and production. The company ended the quarter with a strong cash position of over $500 million and is progressing with its manufacturing facility in Georgia and strategic partnerships in Japan and the UAE.

Archer Aviation reported a net loss of $106.9 million for Q2 2024. The company continued to invest in the design, development, test and certification activities for its Midnight aircraft, build out its test and manufacturing facilities, and made investments in scaling operations.

Archer Aviation reported a net loss of $116.5 million for Q1 2024, driven by continued investments in the Midnight aircraft program, testing, certification activities, and facility build-out. The company maintained a strong liquidity position with $523 million and progressed with key milestones including flight tests and battery pack manufacturing.

Archer Aviation ended Q4 2023 with a strong liquidity position of $464.6 million in cash and cash equivalents. The company continued to invest in the design, development, test, and certification activities for its Midnight aircraft, and is on track to complete construction of its high volume manufacturing facility in Georgia in 2024.

Archer Aviation reported a net loss of $51.6 million for Q3 2023. The company is progressing towards commercialization, focusing on the development and certification of Midnight, building manufacturing and supply chain capabilities, and solidifying go-to-market plans. The company had cash and cash equivalents of $461.4 million as of September 30, 2023.

Archer Aviation secured a $215 million investment, received FAA approval to begin flying its Midnight eVTOL aircraft, and reached an agreement with Boeing and Wisk for autonomous flight collaboration and settling litigation. They are on track to complete what they believe will be the first ever eVTOL aircraft delivery to a customer as part of its recently announced contracts with the Department of Defense (DoD).

Archer Aviation reported a net loss of $113.1 million for Q1 2023, with total operating expenses reaching $112.0 million. The company maintained a strong liquidity position with $449.9 million in cash, cash equivalents, and short-term investments. Archer is focused on advancing its Midnight aircraft development, certification progress with the FAA, and expanding its UAM network.

Archer Aviation reported a net loss of $95.4 million for Q4 2022. The company continued to make strides in the development and certification of its Midnight aircraft, expanded its partnership with Stellantis, and ramped up manufacturing and testing capabilities across multiple facilities.

Archer Aviation reported a net loss of $91.0 million and total operating expenses of $93.8 million for the third quarter of 2022. The company achieved key milestones, including the first wing-borne flight of its Maker demonstrator aircraft and the announcement of a commercial eVTOL route with United Airlines.

Archer Aviation reported a net loss of $71.7 million and total operating expenses of $80.2 million for the second quarter of 2022. The company highlighted the completion of the preliminary design review for its production aircraft, Midnight, and advancements in FAA certification and manufacturing capabilities.

Archer Aviation focused on its four key business areas: aircraft technology, FAA certification, manufacturing, and airline operations. The company completed the definition of its production aircraft's outer mold line (OML) and advanced key strategic relationships with United Airlines, Hexcel, and Stellantis. First quarter GAAP total operating expenses were $65.3 million, and the net loss was $59.2 million. Cash and cash equivalents totaled $704.2 million.

Archer Aviation reported Q4 2021 financial results, highlighting a GAAP total operating expenses of $53.3 million and a net loss of $43.3 million. The company ended the quarter with $746.9 million in cash and cash equivalents. Key operational achievements included the first hover flight of their Maker aircraft and progress towards FAA certification.

Archer Aviation successfully completed its business combination in September and received $802M in net cash proceeds. The company exited the quarter with $796 million in cash and cash equivalents. GAAP operating expense of $176 million plus interest expense related to our SVB loan resulted in a third quarter GAAP net loss of $177 million. Our third quarter non-GAAP operating expense was $29M, resulting in an adjusted EBITDA loss of $28M.